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Accountancy
Industry: Financial services
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Accountancy
projected unit credit method
Financial services; Accountancy
An actuarial valuation method that sees each period of service as giving rise to an additional unit of benefit entitlement and measures each unit separately to build up the final obligation ...
property, plant and equipment
Financial services; Accountancy
Tangible items that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one ...
profit or loss
Financial services; Accountancy
The total of income less expenses, excluding the components of other comprehensive income.
put options (on ordinary shares)
Financial services; Accountancy
Contracts that give the holder the right to sell ordinary shares at a specified price for a given period.
prospective
Financial services; Accountancy
Prospective application of a change in accounting (a) applying the new accounting policy to transactions, other events and conditions occurring after the date as at which the policy is changed; and ...
provision
Financial services; Accountancy
A liability of uncertain timing or amount. of the judgements needed in making the estimates required under conditions of uncertainty, such that assets or income are not overstated and liabilities or ...
proportionate consolidation
Financial services; Accountancy
A method of accounting and reporting whereby a venturer’s share of each of the assets, liabilities, income and expenses of a jointly controlled entity is combined line by line with similar items in ...